Business Writing · At work
Writing an investment thesis memo
Structure a one-page thesis for Roman Ventures: claim, evidence, risks, what changes your mind.
Step 1 of 4 · Overview15 min read ·
Thesis
one-sentence claim
Why now
catalyst
Evidence
3 data points
Risks
what could go wrong
Kill criteria
what would make you exit
Good memos separate facts (sourced) from opinions (labeled). They name the risks honestly; a memo with no risks reads like a shill.
Key idea
Write the kill criteria before entering. It's Livermore's 'cut losses' rule in writing form.Next: Practice